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November 15, 2024
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Mansion Global

Los Angeles Penthouse to Ask $27 Million, Vying to Become One of the City’s Priciest Condos Ever Sold

The aerie is the largest unit at 8899 Beverly Boulevard, which sold earlier this year for $24 million.

A penthouse at luxury condo building 8899 Beverly Boulevard is headed to market as one of the most expensive condos in Los Angeles, asking $27.5 million. 

If sold at that price, it would be the city’s most expensive condo sold in at least 20 years. The city’s priciest apartment deal remains the widely reported sale of a 15,000-square-foot penthouse at the Century building to Candy Spelling, widow of bigtime TV producer Aaron Spelling, for around $35 million. 

The unit could also best a neighboring penthouse in the same building, which sold for $24 million in May. 

Developed by Townscape Partners, 8899 Beverly Boulevard has been making waves in a city not known for luxury condo living. After sales launched in 2022, the building has notched top-level pricing and attracted high-profile residents like Matt Damon, who purchased an $8.6 million unit in the building in April, according to Robb Report. 

The penthouse for sale is the four-bedroom Penthouse West, which occupies the west half of the top floor, spanning over 7,300 square feet, with a wraparound terrace that spans another 1,900 square feet. The great room and primary suite feature 14-foot ceilings and frameless floor-to-ceiling windows facing northward to the Hollywood Hills. The glass walls are motorized and slide open to reveal the view beyond the wraparound terrace. 

“We are looking toward the Hollywood Hills to the North, over the rooftops of the flats of West Hollywood,” said co-listing agent Michelle Montany of the Agency. “The entire great room, primary room and primary baths; all of those are right on the glass looking out at that view.”

The unit is being co-listed by Mauricio Umansky and Taaseen Qureshi, also of the Agency.

The residence includes a chef’s kitchen as well as a prep kitchen with service entrance for the staff, and the 1,000-square-foot primary suite comes with two powder rooms, two walk-in closets and two ensuite bathrooms.

It is one of 38 units at the midrise building in West Hollywood, which was converted from an office building to luxury homes by architect Olson Kundig. Every unit in the 10-story building also has access to a suite of amenities, a private four-car garage via a car elevator, and to the Stella West Hollywood restaurant on the ground floor. 

Prices at the building start at roughly $5 million, and there are a number of units remaining at the property asking up to $16 million. The condo that sold earlier this year was slightly smaller at 6,451 square feet, but also had four bedrooms and nearly 2,000 square feet of terrace. 

Only a handful of condos are on sale in the Los Angeles area at this price level, according to Zillow, including the $50 million penthouse at the Century in Century City, one of the first highrise luxury condo buildings in the city, and a $35 million penthouse at the under-construction Rosewood Residences in Beverly Hills, part of a crop of newer of ultra-luxury condos under development.

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8899 Beverly, one of L.A.’s most lavish new residential buildings, has been much in the news lately. Just days ago, actor Matt Damon paid $8.6 million for a two-bedroom pied-a-terre on the building’s fourth floor, one level below the new $9 million condo of Comcast CEO Brian Roberts. Now comes word that the development—completed in […]

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